BlackRock, the world’s largest asset manager, will make about 500 jobs, or 3 per cent of its global staff, redundant in the weeks ahead, according to an internal memo to employees.
A single-digit number of positions in Hong Kong will be affected, including the head of retail business held since late 2012 by Julia Lee Siu-lie, according to two people familiar with the matter. Discussions for the employees’ exit are ongoing, they said.
"Market uncertainty is growing, investor…